THE LASSWADE TOWNHOUSE DEVELOPMENT COMPANY LTD

💤Zombieactive
SC536362 · ltd · incorporated 2016-05-25
Investment thesis
Zombie company — trading but stalled; unlikely mover.
Why interesting: Quiet, steady; could be a succession or carve-out candidate with the right conversation.
Why risky: No growth signal; thin margin for error on price.
🔒Estimated value
—
Upgrade to see
Turnover
—
year to Jul 2025
Net worth
£-375.9k
book net assets
Opportunity
71/100
Strong
🔔
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What this business does
Primary activity: Construction of domestic buildings
Sector: Construction
Investor take
Pass (distressed without resilience)
Distressed active trading company — structural issues outweigh the discount.

Opportunity 71/100 (strong), bankability 67/100. High owner-dependency — earn-out structure likely required for clean transition. Share purchase looks the cleaner deal structure. Biggest value-creation lever: Consolidate lender relationships. 6 distinct lenders creates friction — refinance into single-lender structure for cleaner diligence. Most likely exit: distressed disposal / insolvency (65/100).

🏦

Refinance opportunity

12 live charges · 6 lenders · oldest 8.7y

15/100
under pressure

Refinance would be pressure-driven, not opportunity-driven. Expect tighter margins and covenant scrutiny.

  • · Oldest live charge is 8.7 years old — likely at or near maturity.
  • · 6 lenders named — inter-creditor friction likely.
  • · Distress signals active — lender appetite narrows.

Data confidence

Overall: medium (78/100)

Adequate coverage. AI outputs are reliable for the sections scored high; verify the rest in diligence.

Company profile
address, 1 SIC codes, incorporation date
100
Financials
2 years of iXBRL accounts extracted (YoY deltas available) + narrative notes parsed
75
Lenders & charges
12 charges (12/12 with lender, 12/12 with type)
90
Directors & officers
4 officers (2 active, 4 linked, 3 with DOB)
85
Ownership & PSC
1 active PSC(s) of 1 total, 1 with control declared
90
Director network
Network not yet resolved
30
Filing history
76 filings on record
85
Gazette notices
No matching gazette notices (standard for active companies)
60
Opportunity Score
71/100Strong
PassWatchWorth a lookStrongExceptional 

Solid opportunity signal. Worth a dedicated memo and management meeting.

Business quality
65
Adequate — check latest filings for context.
Acquirability
55
Some acquirability indicators.
Risk profile
77
Few red flags.
Signal strength
100
Good data coverage for analysis.

Signals from accounts

Derived from iXBRL accounts · FRS 102
Negative net assets
Liabilities exceed assets by £375,936
Net assets shrinking
Down £726,420 YoY

Key financials

2 years extracted from filed iXBRL accounts
Cash
£8k
Net Worth
-£376k
↓ 207% YoY
Current Assets
£649k
~ YoY
Current Liabilities
—
-£376k-£171k£34k£239k£444k£649kJul 2024Jul 2025

Hover to see exact values · click legend to toggle series

Financials

Extracted from Companies House accounts · FRS 102
Metric2025-07-312024-07-31
Total assets£-375.9k£350.5k
Current assets£648.5k£643.9k
Cash£7.8k—
Debtors£640.8k—
Net assets£-375.9k£350.5k

Amounts extracted automatically from iXBRL. Fields left blank were not reported or not mapped. Values in GBP unless stated.

🔒Filing-note intelligence

2 signals detected in this company's narrative notes — going-concern language, audit opinion, contingent liabilities, related-party transactions.

Available from the Pro tier upwards.

See pricing →

Recent activity

Last 30 days
1
filing
  • • 1 accounts
Last 90 days
4
filings
  • • 2 officers
  • • 1 accounts
  • • 1 persons-with-significant-control
Last 180 days
7
filings
  • • 2 officers
  • • 2 gazette
  • • 1 accounts
Counts from Companies House filing history.
Corporate timeline (50 events)Click to expand
  1. 2026-04-30
    📄
    accounts-with-accounts-type-total-exemption-full
    accounts · AA
  2. 2026-03-11
    📄
    change-person-secretary-company-with-change-date
    officers · CH03
  3. 2026-03-10
    ➕
    MENG LOONG LEE, Joseph appointed
    secretary
  4. 2026-03-10
    📄
    appoint-person-secretary-company-with-name-date
    officers · AP03
  5. 2026-02-19
    📄
    change-to-a-person-with-significant-control
    persons-with-significant-control · PSC04
  6. 2026-01-07
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  7. 2025-12-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  8. 2025-07-07
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  9. 2025-06-28
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  10. 2025-06-24
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  11. 2025-04-29
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  12. 2024-12-02
    📄
    accounts-with-accounts-type-micro-entity
    accounts · AA
  13. 2024-08-06
    📄
    change-account-reference-date-company-previous-extended
    accounts · AA01
  14. 2024-05-01
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  15. 2024-04-30
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  16. 2024-02-28
    📄
    appoint-person-director-company-with-name-date
    officers · AP01
  17. 2024-02-28
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  18. 2024-02-27
    ➕
    MONTAGUE, Andrew Seth appointed
    director
  19. 2024-02-27
    ➖
    MONTAGUE, Rachel resigned
    director
  20. 2023-12-19
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  21. 2023-12-12
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  22. 2023-09-09
    📄
    gazette-filings-brought-up-to-date
    gazette · DISS40
  23. 2023-09-05
    📄
    gazette-notice-compulsory
    gazette · GAZ1
  24. 2023-07-18
    ➖
    MONTAGUE, Andrew Seth resigned
    director
  25. 2023-07-18
    📄
    termination-director-company-with-name-termination-date
    officers · TM01
  26. 2023-05-03
    ➕
    MONTAGUE, Rachel appointed
    director
  27. 2022-08-04
    🔒
    Charge registered #12
    Lender: Together Commercial Finance Limited
  28. 2022-07-28
    🔓
    Charge satisfied #10
  29. 2022-07-22
    🔒
    Charge registered #11
    Lender: Together Commercial Finance Limited
  30. 2022-07-12
    🔓
    Charge satisfied #8
  31. 2022-07-12
    🔓
    Charge satisfied #9
  32. 2022-07-12
    🔓
    Charge satisfied #7
  33. 2022-06-10
    🔒
    Charge registered #10
    Lender: Melbury Capital LTD
  34. 2021-09-08
    🔓
    Charge satisfied #5
  35. 2021-09-08
    🔓
    Charge satisfied #6
  36. 2021-07-02
    🔒
    Charge registered #8
    Lender: Assetz Capital Trust Company Limited
  37. 2021-06-24
    🔒
    Charge registered #9
    Lender: Assetz Capital Trust Company Limited
  38. 2021-06-21
    🔒
    Charge registered #7
    Lender: Assetz Capital Trust Company Limited
  39. 2018-12-12
    🔓
    Charge satisfied #4
  40. 2018-12-12
    🔓
    Charge satisfied #3
  41. 2018-12-12
    🔓
    Charge satisfied #2
  42. 2018-12-12
    🔓
    Charge satisfied #1
  43. 2018-12-06
    🔒
    Charge registered #5
    Lender: Lendinvest Security Trustees Limited
  44. 2018-12-04
    🔒
    Charge registered #6
    Lender: Lendinvest Security Trustees Limited
  45. 2018-02-16
    🔒
    Charge registered #4
    Lender: Amicus Finance PLC (Registered Number 06994954)
  46. 2017-09-11
    🔒
    Charge registered #3
    Lender: Amicus Finance PLC
  47. 2017-09-06
    🔒
    Charge registered #2
    Lender: Amicus Finance PLC
  48. 2017-08-22
    🔒
    Charge registered #1
    Lender: Amicus Finance PLC
  49. 2016-05-25
    🏢
    Company incorporated
    As THE LASSWADE TOWNHOUSE DEVELOPMENT COMPANY LTD
  50. 2016-05-25
    ➕
    MONTAGUE, Andrew Seth appointed
    director

Owner dependency

75/100
High — earn-out structure required

Material founder dependency. Consider a 2-3 year earn-out and build in a handover plan before completion.

FACTORS
  • +Sole director: Only one active director — all governance concentrated on one person.

Succession & seller-readiness

45/100
Moderate signal

Some succession indicators present. Worth watching; approach if sector/strategy fits.

SIGNALS
  • primarySole active director: Only one director in control. No visible successor — buyers solve the succession problem.

Red flags

1 med ·
Charge satisfaction-then-recreation pattern
medium

Multiple instances where a charge was satisfied and a new charge created within 6 months. Suggests active refinancing cycle.

Shareholders & ownership

1 active beneficial owner · dominant holder ≥75%
NameSharesVoting rightsNature of controlNotified
Mr Andrew Seth Montague
Individual · British · DOB 03/1973 · age 53
75–100%
—75-100% shares25/05/2016

From Companies House Persons with Significant Control filings. Share ranges are banded per the public PSC regime.

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Peers ranked by estimated value, then turnover, then opportunity score.See all →
🔒Tailored diligence questions

7 specific questions generated from this company's actual signals — liquidity, leverage, director age, charge count, red flags, age-of-company.

Available from the Pro tier upwards.

See pricing →
🔒Advanced scoring suite

Exit-route ranking, improvement thesis, quiet-distress detector, covenant-pressure proxy, extraction monitor, approaching triggers, ownership drift, local cluster, value trap, debt capacity, archetype classification — 48+ scoring modules.

Available from the Pro tier upwards.

See pricing →

Company details

Statusactive
Typeltd
Incorporated2016-05-25
Jurisdictionscotland
Primary SIC41202 — Construction of domestic buildings

Registered office

3 Clairmont Gardens
Glasgow
G3 7LW
Scotland

Filing status

Accounts
Next due: 2027-04-30
Last made up to: 2025-07-31
Confirmation statement
Next due: 2026-10-25
Last: 2025-10-11

Officers (2 active · 2 resigned)

MENG LOONG LEE, Joseph→
secretary · appointed 2026-03-10
View their other companies + combined net worth →
Active
MONTAGUE, Andrew Seth→
director · ~53y · appointed 2024-02-27
View their other companies + combined net worth →
Active
MONTAGUE, Andrew Seth→
director · ~53y · appointed 2016-05-25 · resigned 2023-07-18
Resigned
MONTAGUE, Rachel→
director · ~54y · appointed 2023-05-03 · resigned 2024-02-27
Resigned

Click a director name to see their full track record across all companies.

Mortgages & charges

12
Total charges
2
Outstanding
1
Active lenders
Status:Lender:12 of 12 shown
TypeProperties
outstanding
Together Money
Together Commercial Finance Limited
A registered charge2 properties04/08/2022—
outstanding
Together Money
Together Commercial Finance Limited
A registered charge—22/07/2022—
satisfied
Melbury Capital
Melbury Capital LTD
A registered charge1 property10/06/202228/07/2022
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge2 properties02/07/202112/07/2022
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge—24/06/202112/07/2022
satisfied
Assetz Capital Trust Company
Assetz Capital Trust Company Limited
A registered charge—21/06/202112/07/2022
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge1 property06/12/201808/09/2021
satisfied
LendInvest
Lendinvest Security Trustees Limited
A registered charge—04/12/201808/09/2021
satisfied
Amicus Finance (Registered Number 06994954)
Amicus Finance PLC (Registered Number 06994954)
A registered charge1 property16/02/201812/12/2018
satisfied
Amicus Finance
Amicus Finance PLC
A registered charge—11/09/201712/12/2018
satisfied
Amicus Finance
Amicus Finance PLC
A registered charge1 property06/09/201712/12/2018
satisfied
Amicus Finance
Amicus Finance PLC
A registered charge—22/08/201712/12/2018
Click column headers to sort. Use filters above to narrow by status and lender.

Recent filings (76 total)

accounts-with-accounts-type-total-exemption-full
accounts · AA
2026-04-30
change-person-secretary-company-with-change-date
officers · CH03
2026-03-11
appoint-person-secretary-company-with-name-date
officers · AP03
2026-03-10
change-to-a-person-with-significant-control
persons-with-significant-control · PSC04
2026-02-19
gazette-filings-brought-up-to-date
gazette · DISS40
2026-01-07
confirmation-statement-with-no-updates
confirmation-statement · CS01
2026-01-06
gazette-notice-compulsory
gazette · GAZ1
2025-12-30
accounts-with-accounts-type-micro-entity
accounts · AA
2025-07-07
gazette-filings-brought-up-to-date
gazette · DISS40
2025-06-28
gazette-notice-compulsory
gazette · GAZ1
2025-06-24
accounts-with-accounts-type-micro-entity
accounts · AA
2025-04-29
accounts-with-accounts-type-micro-entity
accounts · AA
2024-12-02
confirmation-statement-with-updates
confirmation-statement · CS01
2024-11-07
change-account-reference-date-company-previous-extended
accounts · AA01
2024-08-06
confirmation-statement-with-no-updates
confirmation-statement · CS01
2024-06-13